IHS Chemical Week

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August 26, 2016
Yara International ASA (Oslo, Norway), a fertilizer producer, has agreed to acquire the fertilizers blending unit of Adubos Sudoeste in Catalão, Goiás State, Brazil, in a further step to expand its participation in the agricultural market in the country's midwest....
August 25, 2016
US nonfuel propylene inventory came down for a seventh consecutive week, according to data released by the US Energy Information Administration. Inventory levels last week were the lowest in nearly two years....
August 25, 2016
The Texas Railroad Commission ruled on 24 August that Westlake Chemical Corp. cannot charge Eastman Chemical Co. a market-based price for using a common-carrier ethylene pipeline between Longview and Mont Belvieu, Texas, putting to rest a three-year-old dispute between the two companies. By a vote of two to one, the commission has set the rate that Westlake may charge at $2.45 per 100 pounds—below the $3.50 sought by Westlake but higher than the original rate of $1.90....
August 25, 2016
Demand for North American polystyrene likely peaked in June and is expected to weaken heading into the fourth quarter. Nevertheless, the market will probably remain tight through September and October owing to supply-side issues, says Priya Ravindranath, principal analyst at IHS Chemical....
August 25, 2016
Siluria Technologies Inc. (San Francisco, California) says it has appointed Robert Trout to CEO. Prior to joining Siluria, Trout spent his entire career at Royal Dutch Shell plc in...
August 25, 2016
Berry Plastics Group Inc. (Evansville, Indiana) has agreed to acquire AEP Industries Inc. (Montvale, New Jersey) in a deal worth about $765 million including debt. Under the merger...
August 25, 2016
Sociedad Química y Minera de Chile SA (SQM; Santiago, Chile) reports $83.1 million in net income for the second quarter, close to the $83.2 million reported one year earlier...
August 24, 2016
Borealis AG, a producer of polyolefins, base chemicals, and fertilizers, on Wednesday announced 12% lower second-quarter net profit and 10% lower consolidated sales of €309 million ($348.5 million) and €2.2 billion, respectively, still the company's second-best quarterly result after the record 2015....
August 24, 2016
Phillips 66 (Houston, Texas) has declared force majeure on mixed xylenes after failing to restart the reformer at its Alliance refinery in Belle Chasse, Louisiana, last weekend. The company expects to resume producing mixed xylenes this weekend. Until then, tight supply will keep spot prices under severe pressure, says Kevin Wallman, principal analyst/aromatics at IHS Chemical....
August 24, 2016
Westlake Chemical Corp. on Wednesday announced it has completed a new revolving credit agreement worth $1 billion with a consortium of banks. The agreement matures in 2021 and replaces...
August 24, 2016
During the week ended 20 August, chemical railcar traffic in North America decreased 0.7% year over year (YOY) as declines in Canada and Mexico offset a slight increase in the United States. For all of North America, chemical railcar traffic during the week totaled 42,253 carloads, up 1.5% from the previous week, according to data released on 24 August by the Association of American Railroads....
August 24, 2016
Green Plains Inc. (Omaha, Nebraska) says it has bought three plants being auctioned by bankrupt ethanol producer Abengoa Energy (St. Louis, Missouri). Green Plains will purchase the...
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